RADNOR, PA / ACCESSWIRE / April 10, 2023 / BM Technologies, Inc. (NYSE American:BMTX), one of the largest digital banking platforms and Banking-as-a-Service (BaaS) providers, was selected as a winner in the 2023 FinTech Breakthrough Awards in the Best Banking Infrastructure Software category.
The Fintech Breakthrough Awards is a prestigious international awards program dedicated to honoring excellence in financial technologies and services, companies and products, with over four thousand nominations worldwide. Other winners in the Banking Infrastructure category include Savana, Yapily and Railz.
“It is an honor to be named a winner in this category of innovative companies,” said Luvleen Sidhu, Chairman, CEO and Founder of BMTX. “BMTX is a leader in the banking-as-a-service space and we are proud to partner with brands and FinTechs to deliver embedded banking experiences. Our business is more than a simple mobile app or web interface; we have significant and well-established partnership in place and differentiates us with our internal, back office support that enables us to offer the banking services, customer support and ease of use that today’s customers want.”
BMTX’s proprietary BaaS platform and interface helps FinTechs and brands launch fully-branded financial services products at a fraction of the cost that attract new customers, add new revenue streams and provide a more personalized customer experience.
“Offering an app that does banking is no longer an industry differentiator,” said Jamie Donahue, president of BMTX. “Today, BMTX is in the market with an industry-leading platform that can be a standalone app, but can also present an application programming interface (API) or, if necessary, ingest API traffic from customers and partners. BMTX believes this powerful flexibility in the platform and the years of running the BaaS business characterize BMTX in a highly competitive industry.”
In October, BMTX announced it was partnering with Helix to offer comprehensive embedded banking solutions for consumer brands, combining Helix’s embedded finance platform and banking partnerships with BM Technologies’ award-winning app development and program management services. The combined solution enables consumer brands to offer differentiated banking solutions that enhance their brand experience without building and managing it themselves.
Launched in 2015, BMTX is one of America’s largest digital financial services platforms and a pioneer in the BaaS sector, empowering FinTechs and brands to expand access to digital banking products through its award-winning technology.
About BM Technologies, Inc.
BM Technologies, Inc. (NYSE American:BMTX) – formerly known as BankMobile – is among the largest Banking-as-a-Service (BaaS) providers in the country, providing access to checking and savings accounts, personal loans, credit cards, and financial well-being. It is focused on technology, innovation, user-friendly products and education with the mission of empowering millions of Americans financially by providing a more affordable, transparent and consumer-friendly banking experience. BM Technologies, Inc. (BMTX) is a technology company and is not a bank, meaning it provides banking services through its partner bank. More information can be found at www.bmtx.com.
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SOURCE: BM Technologies
